I'll do tiers because it is hard to split hairs on some:
Elite:
City
RS
CL level:
Chelsea
Tottenham
Arsenal
European competitors:
United
Leicester
Wham
Filling out the midtable:
Wolves
Palace
Brighton
Newcastle
Villa
Should have enough to stay safe:
Saints
Dogfight:
Everton
Leeds
Brentford
Fulham
Forest
Bournemouth
I would rate the situation as pretty bad. And since the teams around us seem to want to try and improve it could reach very bad.
So basically, last season’s table with 3 promoted sides plonked at the end.